8 ways employees can use their flexible spending accounts before 2012
As 2011 comes to an end, it’s time for employees with health care and dependent care flexible spending accounts to use up their remaining balances before the end of their plan year, when any leftover money is forfeited. Here are eight ways your employees can spend down their FSAs before 2012, courtesy of Save Smart, Spend Healthy.
Review list of eligible expenses
A 2010 survey from Save Smart, Spend Healthy found that nearly 80% of household decision makers had trouble identifying expenses they could purchase with a health care FSA. There may be a number of items employees need to buy or have already purchased that are eligible for reimbursement. Circulate a list of health care and dependent eligible expenses.
